Tuesday AM Iraq Economic News Highlights 7-12-22
Tuesday AM Iraq Economic News Highlights 7-12-22
International Trade Center to / NINA /: There are no financial consequences for Iraq's accession to the World Trade Organization
Monday 11 July 2022 Baghdad / NINA / - The International Trade Center confirmed that there are no financial consequences for Iraq's accession to the World Trade Organization to be part of the international system in various vital sectors.
And the commercial policy coordinator at the International Trade Center, Israa Al-Jabari, said in a statement to the National Iraqi News Agency ( NINA "Iraq's accession to the World Trade Organization to be within the international lobby for the sectors of economy, agriculture and industry, requires harmonizing the local laws and policies in force with all the regulations and laws approved by the WTO ".
She explained, "The organization is responsible for managing and regulating the trade, agricultural and economic policy operations of all member countries."
And she added, "If Iraq wants to deal with any country from this group, the agreements, policies and local laws must keep pace with global development, which is supposed to be present in all member states of the organization," indicating that "the World Trade Organization will, in the event of Iraq joining it, , regulating trade, economic and agricultural policy, and we will have laws organizing to deal with other countries in a way that guarantees Iraq’s right as a member state in this organization.”
And about the possibility of the WTO’s assistance to Iraq in combating corruption and recovering smuggled money, she explained that “the harmonization of Iraqi laws with the WTO work agreements and the application of modern legislation will eliminate a large part of corruption.”/ End 5
Environment: We Have Taken Steps To Switch To Renewable Energies
Monday, 11 July 2022 1:25 PM National News Center / Baghdad Today, Monday, the Ministry of Environment announced an initiative to promote the concept of renewable energy and prevent the erosion of agricultural lands, while noting that there is cooperation with the Central Bank to grant loans to establish solar energy projects without interest.
The Minister of Environment and Agency Jassim Al-Falahi said in a statement followed by / the National News Center /, that "the ministry has serious steps to work with renewable energies," noting that "Iraq has started steps to switch to renewable energies through the establishment of the Ministry's Agency for Gas Affairs in the Ministry of Oil and the transformation of cars that operate on gas.”
He added, "The Council of Ministers agreed to exclude hybrid and electric cars from tax, customs and license fees, which is a major development towards encouraging citizens to buy environmentally friendly cars," noting that "these wheels will provide an economic return to the citizen, in addition to the absence of emissions that cause environmental pollution, especially as we We live in cities that are suffocating as a result of increased air pollution rates due to vehicle exhaust and other industrial activities.”
He pointed out, "The Ministry of Electricity has projects for renewable energies, including the production of solar-powered plants, which is a qualitative transformation and an attempt to benefit from wind and water to produce electricity, which is present in dams, but we need water revenues," stressing that "there is qualitative progress in implementing the concept of renewable energies and now." We are leading an initiative to improve energy efficiency and promote the concept of renewable energy in cooperation with all sectors.”
He explained that “the ministry has an initiative with the Central Bank, which is a trillion dinars initiative. Any citizen or the private sector can establish a solar energy project and take an interest-free loan to be paid over 10 years, and this is a great qualitative development,” noting: “We have work with the Association of Private Banks and the Ministry of Construction and Housing to develop Green building codes for the establishment of environmentally friendly and green housing complexes, by applying the insulation system and the use of solar energy and imposing it on the investor.
He stated that "it is possible that there will be a small increase in the price, but in the strategic term it will be of great benefit to the citizen."
He continued, "The ministry is working seriously in cooperation with the Prime Minister's Office and the General Secretariat of the Council of Ministers to prevent the bulldozing of agricultural lands and prevent the conversion of land to investment," explaining, "Iraq is in dire need of more trees and vegetation."
Oil Prices Are Falling Again
Economie 2022-07-12 | 03:34 2,244 views Alsumaria News – Economy Oil prices fell, during trading today, Tuesday, amid fears of a decline in demand for crude in China, where an increase in cases of Corona virus was recorded.
US West Texas Intermediate crude futures fell 1.84% to $102.17 a barrel, while Brent crude futures fell 1.71% to $105.27 a barrel, according to website data.Bloomberg".
The Chinese authorities are recording an increase in new cases of coronavirus, and at the same time they are taking measures to limit the spread of infection, and according to Trading Economics, more than 30 million Chinese have already been affected by the travel restrictions, one way or another.
Energy market participants fear that the outbreak of the new Corona virus will reduce demand for fuel in the world's largest importer of hydrocarbons, i.e.China. LINK
The Minister Of Electricity Sets The Date For Approving The Electronic Collection Project[/Size]
Iraq 12:13 - 07-12-2022 The Federal Minister of Electricity, Adel Karim, revealed the submission of the electronic collection and privatization project to the Council of Ministers for the purpose of discussion and approval.
Karim said, today, Tuesday: "The electronic collection project was submitted to the Council of Ministers, and it is hoped that after the Eid al-Adha holiday, it will be discussed and approved."
He added that "the ministry is proceeding with the completion of the project at the level of Iraq, and there will be a good and applicable mechanism, which will be announced at a later time, depending on the experiences of neighboring countries and the world," noting: "As for privatization, it is the same project under the name (service and collection project), but the matter is related to the budget and allocated funds.
The Ministry of Electricity announced, earlier, the launch of the first phase of the electronic collection project.
The ministry stated in a statement, "Within the framework of activating the digital transformation plan, and enhancing its features in the conduct of administrative, financial and technical operations in the Ministry of Electricity and all its public companies, the Ministry of Electricity announces the launch of the electronic collection project to pay the wages of electrical energy consumption electronically."
Deputy: Corruption Has Taken Root In The Departments Of The Municipality Of Baghdad
Political | 09:57 - 12/07/2022 Baghdad - Mawazine News, Representative of the State of Law, Muhannad Al-Khazraji, confirmed today, Tuesday, that corruption and poor planning in the Municipality of Baghdad call us to work on following up the hotbeds of corruption and bringing those involved to justice.
Al-Khazraji said in a statement received by Mawazine News, a copy of it, that "corruption and poor planning in the province of Baghdad and the Municipality of Baghdad are factors that led to the waste of billions of money allocated for the reconstruction of the capital, which calls us to work on following up on projects tainted by corruption in order to refer those involved to the judiciary to preserve the money." general".
He added that "the corruption that has taken root in the departments of the Municipality of Baghdad and the governorate has contributed significantly to the destruction of basic infrastructure and strategic projects, as well as disrupting others that were very relied upon in advancing the level of services provided to the citizen."
And he indicated that "the capital, Baghdad, suffers from the brunt of corruption and spoilers and their domination of projects and their referral to fictitious companies, as well as the abuse of bribery on projects referred to companies, which caused the implementation of projects outside technical specifications, and caused the loss of budgets allocated to the capital," stressing the adoption of a campaign to pursue corruption and spoilers. In order to dry up its sources in the service departments.” Ended 29 / M 99 https://www.mawazin.net/Details.aspx?jimare=199148
Saudi Arabia Praises The Iraqi Hajj Mission: High Organization And Exemplary Services
Political | 11:44 - 11/07/2022 Follow - Mawazine News Today, Monday, the Minister of Hajj and Umrah in the Kingdom of Saudi Arabia, Tawfiq Al-Rabiah, praised the Iraqi Hajj mission for providing exemplary services to pilgrims.
The Supreme Commission for Hajj and Umrah said in a statement received by Mawazine News, that "the head of the Iraqi Hajj delegation, Sami Al-Masoudi met with the Minister of Hajj and Umrah in the Kingdom of Saudi Arabia, Tawfiq Al-Rabiah, in Makkah Al-Mukarramah, this afternoon," noting that "Al-Masoudi congratulated the Saudi Ministry of Hajj on the success of The Hajj season for this year, which was characterized by the high organization of the affairs of the pilgrims of the Islamic world and cooperation with the offices of the affairs of the pilgrims of the countries of the world.
For his part, the Saudi Minister of Hajj praised the "excellent management of the Iraqi Hajj mission by providing exemplary services to pilgrims, adhering to the instructions, laws and timings issued by the ministry to the movement of pilgrims, and gave thanks and appreciation to the head of the mission and all its employees."
The statement added, "Al-Masoudi and Al-Rabiah discussed the file of Umrah after the end of the Hajj season, and demanded the Kingdom of Saudi Arabia to open Umrah by land through the Jdeidet Arar border crossing due to the strong desire of Iraqi citizens to do so. Prepare to group pilgrims early with the advent of the next month of Muharram.
And he added, "Al-Masoudi invited the Saudi Minister of Hajj to visit Iraq at the end of the meeting." Ended 29 / p. 87 https://www.mawazin.net/Details.aspx?jimare=199142
Parliamentary Finance: There Are No Appointments In The “Food Security” Law, Except For 15,000 Degrees Only
Posted On2022-07-12 By Sotaliraq On Monday, the Parliamentary Finance Committee confirmed that there are no job grades or appointments in the Emergency Support Law for Food Security and Development, with the exception of the thousand job grades assigned to each governorate except for the Kurdistan Region.
Committee member Sajjad Salem said that "the food security law did not include job grades or appointments, and there are only 15,000 degrees allocated to the governorates at a rate of 1,000 degrees for each governorate."
And he indicated that "according to the law, there is 15,000 degrees for the employment of graduates working in the form of a temporary contract, with a monthly salary of 300,000 dinars for a period of three years."
Several Iraqi governorates witnessed demonstrations that preceded and followed the adoption of the Emergency Support Law for Food Security and Development, regarding appointments and the installation of contract employees, the most prominent of which was the evacuation of the Parliament building, on June 7, 2022, from all representatives and employees for fear of “breaking into” the demonstrators of the Ministry of Electricity contracts who gathered Hundreds of them were from Baghdad and the provinces in front of the Green Zone gate on the side of the Al-Rasheed Hotel, specifically opposite the Parliament building, and frictions occurred with the security forces, resulting in the injury of at least three demonstrators.
The Parliamentary Finance Committee had announced, on June 6, 2022, that contract employees would not be fixed on permanent owners within the food support law prepared by the committee and that it was within the budget’s competence, while it indicated that the Ministry of Finance did not respond to two official letters from the committee on how to deal with lecturers and contracts. and daily wages and transfer them according to Resolution 315. LINK
Petroleum Products Clarify Their Plan On Occasions.. “Special” Powers For 3 Governorates
Posted On2022-07-12 By Sotaliraq On Monday, the Oil Products Distribution Company revealed the preparations it is making to provide oil products on religious occasions and holidays, and while referring to the allocation of special storage to the Karbala governorate, it confirmed that the processing plan grants “special” powers to three governorates.
The deputy general manager of the company, Ihsan Mousa Ghanem, said that "the Oil Products Distribution Company has provided additional quantities of all oil products (gasoline - gas oil - cooking gas - white oil) in the warehouses of Karbala and Najaf governorates, as part of its preparations to receive the blessed Eid al-Adha and the honorable visitors.
To those provinces, in addition to receiving the month of Muharram and the Ashura commemoration of Imam Hussein, peace be upon him, in addition to setting an appropriate plan in preparation for the Arbaeen visit, in which the processions and Husseini bodies in the provinces of Karbala and Najaf are equipped with petroleum products.
Ghanem explained, "A plan is drawn up annually to allocate a special storage for Karbala Governorate as an additional share for the daily import of up to (10) million liters of gasoline, (5) million liters of white oil, and (10) million liters of gas oil. Liquid gas, so the product’s imports are increased to be (500-600) tons per day throughout the visit period.”
The government official added, "The processing plan grants the branches (Karbala, Najaf, and Babil) the power to increase the quotas of gas oil and gasoline established for service departments within the geographical area of those governorates, in addition to granting the power to equip processions and Husseini bodies with white oil and gas oil for ovens and boilers belonging to processions. At the approved prices and as needed.
Ghanem pointed out that “in addition to this, our distribution branch (Karbala distribution branch) annually makes early preparations to receive all occasions and holidays and the holy month of Muharram and the million visits that are interspersed with it by allocating sufficient quantities of oil products for the Husseini processions and setting a tight distribution plan, in addition to following up on providing Sufficient stock of these products, according to the estimates of plans and needs. LINK